Canon Electronics : Annual Report FY2022(Unaudited)

FY2021

(from January 1, 2021 to December 31, 2021)

FY2022

(from January 1, 2022 to December 31, 2022)

Net sales

Component

Electronic Information Appliance

Other

45,909 26,199 10,504

57,029 29,145 10,331

Total

82,614

96,506

Profit attributable to owners of parent

5,392

6,920

FY2021

(from January 1, 2021 to December 31, 2021)

FY2022

(from January 1, 2022 to December 31, 2022)

Basic earnings per share

Diluted earnings per share

131.98yen

―

169.34yen

―

As of December 31, 2021

As of December 31, 2022

Total assets

126,268

137,493

Net assets

102,898

111,296

As of December 31, 2021

As of December 31, 2022

Assets

Current assets

Cash and deposits

23,626

24,764

Notes and accounts receivable - trade

23,722

-

Notes and accounts receivable - trade, and contract assets

-

27,317

Investments in leases

333

161

Merchandise and finished goods

3,579

2,759

Work in process

7,559

11,747

Raw materials and supplies

289

191

Short-term loans receivable

20,000

20,000

Other

2,588

1,951

Total current assets

81,699

88,893

Non-current assets

Property, plant and equipment

Buildings and structures

36,235

39,783

Accumulated depreciation

(23,436)

(24,885)

Buildings and structures, net

12,798

14,897

Machinery, equipment and vehicles

23,489

23,773

Accumulated depreciation

(20,869)

(21,473)

Machinery, equipment and vehicles, net

2,620

2,300

Tools, furniture and fixtures

19,240

20,199

Accumulated depreciation

(15,304)

(16,138)

Tools, furniture and fixtures, net

3,936

4,060

Land

18,489

18,600

Leased assets

13

655

Accumulated depreciation

(8)

(25)

Leased assets, net

5

630

Construction in progress

1,210

644

Total property, plant and equipment

39,061

41,134

Intangible assets

1,556

1,634

Investments and other assets

Investment securities

2,036

2,091

Deferred tax assets

1,291

916

Retirement benefit asset

-

2,138

Other

622

684

Allowance for doubtful accounts

(0)

(0)

Total investments and other assets

3,950

5,830

Total non-current assets

44,569

48,599

Total assets

126,268

137,493

As of December 31, 2021

As of December 31, 2022

Liabilities

Current liabilities

Accounts payable - trade

11,424

12,013

Electronically recorded obligations - operating

771

748

Lease liabilities

192

148

Accrued expenses

1,261

1,301

Income taxes payable

2,008

2,036

Provision for bonuses

427

420

Provision for bonuses for directors (and other officers)

63

84

Provision for loss on orders received

14

472

Other

2,620

3,072

Total current liabilities

18,784

20,298

Non-current liabilities

Bonds payable

-

300

Long-term borrowings

3,200

3,200

Provision for retirement benefits for directors (and other officers)

200

200

Retirement benefit liability

1,019

1,475

Deferred tax liabilities

25

37

Other

140

684

Total non-current liabilities

4,585

5,898

Total liabilities

23,370

26,196

Net assets

Shareholders' equity

Share capital

4,969

4,969

Capital surplus

9,435

10,609

Retained earnings

88,497

93,167

Treasury shares

(2,503)

(2,482)

Total shareholders' equity

100,399

106,263

Accumulated other comprehensive income

Valuation difference on available-for-sale securities

319

356

Foreign currency translation adjustment

730

1,938

Remeasurements of defined benefit plans

(1,231)

(924)

Total accumulated other comprehensive income

(181)

1,370

Non-controlling interests

2,680

3,662

Total net assets

102,898

111,296

Total liabilities and net assets

126,268

137,493

FY2021

FY2022

(from January 1, 2021

(from January 1, 2022

to December 31, 2021)

to December 31, 2022)

Net sales

82,614

96,506

Cost of sales

64,061

75,795

Gross profit

18,552

20,711

Selling, general and administrative expenses

12,207

12,665

Operating profit

6,344

8,046

Non-operating income

Interest and dividend income

93

112

Subsidy income

142

27

Foreign exchange gains

491

751

Other

31

36

Total non-operating income

758

928

Non-operating expenses

Interest expenses

2

33

Share issuance costs

16

12

Other

4

5

Total non-operating expenses

23

52

Ordinary profit

7,079

8,922

Extraordinary income

Gain on sale of non-current assets

4

0

Total extraordinary income

4

0

Extraordinary losses

Loss on sale and retirement of non-current assets

6

36

Loss on valuation of investment securities

3

-

Loss on valuation of golf club membership

-

7

Total extraordinary losses

10

43

Profit before income taxes

7,073

8,878

Income taxes - current

2,585

3,265

Income taxes - deferred

62

237

Total income taxes

2,648

3,502

Profit

4,425

5,376

Loss attributable to non-controlling interests

(966)

(1,544)

Profit attributable to owners of parent

5,392

6,920

FY2021

FY2022

(from January 1, 2021

(from January 1, 2022

to December 31, 2021)

to December 31, 2022)

Profit

4,425

5,376

Other comprehensive income

Valuation difference on available-for-sale securities

(49)

37

Foreign currency translation adjustment

748

1,207

Remeasurements of defined benefit plans, net of tax

768

307

Total other comprehensive income

1,466

1,552

Comprehensive income

5,892

6,928

Comprehensive income attributable to

Comprehensive income attributable to owners of parent

6,859

8,472

Comprehensive income attributable to non-controlling interests

(966)

(1,544)